Red Flags
2
LimeFX
The platform is riddled with issues, including lack of transparency, poor customer support, hidden fees, and questionable regulatory claims.
Quick summary on LimeFX
Deposit and Withdrawal Issues:
Many users report hidden fees despite LimeFX claiming “zero fees” on deposits and withdrawals. Withdrawal requests are often delayed, ignored, or even blocked, raising serious concerns about fund accessibility.
Poor Customer Support:
LimeFX lacks transparency regarding its customer support hours. Traders struggle to get timely assistance, and the absence of direct contact with the finance department makes resolving financial disputes difficult.
Lack of Regulatory Clarity:
While LimeFX claims regulatory oversight, the specific regulatory body governing its operations is unclear. This lack of transparency puts traders at risk with little protection in case of disputes.
Hidden Trading Fees:
Despite advertising competitive spreads, LimeFX has a convoluted fee structure with unexpected commissions that make trading expensive, especially for high-volume traders.
High-Risk Leverage Practices:
Offering leverage up to 1000:1, LimeFX puts traders—especially beginners—at extreme risk of financial losses. Leverage adjustments mid-trade also make profitability unpredictable.
Intel Reports
by: Sean Adams
LimeFX is a complete disaster! They promise zero fees, but the hidden charges are ridiculous—you only realize when it’s too late. And good luck withdrawing your money, because they’ll either delay it endlessly or just block it without explanation!
by: Ashley Bell
Had a dispute over my balance, but there's no way to speak to the finance team. They just ignore you.
by: Eric Harper
LimeFX said zero fees but I lost money on deposits. They charged me hidden fees, such a scam!